
Open a Bank Account in Labuan (Malaysia)
The Labuan International Business and Financial Centre is a reputable free trade area located in the Federal Territory of Labuan, an island off the coast of the state of Sabah in East Malaysia. Labuan is becoming one of the major financial hubs of Asia due to its pro-business regulation, low taxes and compliance with international standards on due diligence and transparency.
We can help you open bank accounts in Labuan.
Accounts are available for individuals.
We work with 3 different banks in Labuan.
Each bank has different eligibility requirements, types of accounts available and onboarding processes.
We invite you to carefully review each banks requirements and services below to better understand if their banking services meet your needs:
- Bank Islam (Corporate)
- Citibank (Corporate)
- MayBank International Labuan Branch (Corporate)
Our banking support service is not just a mere introduction to the bank. We assist you in filling out the business questionnaires appropriately and help you understand and provide business details, commercial information and purpose/use of the bank account that a given bank wants to know in order to approve your account application. Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal 'back and forth' and a smooth account opening process.
Eligibility | Offshore Companies |
Min Deposit | USD 10,000 |
Currencies | USD, JPY, SGD, EUR, GBP |
Cards | No |
Remote | Yes |
Off-shore non-resident | Yes |
Other Services | Transactional Banking |
Eligibility | Offshore Companies |
Min Deposit | USD 250,000 |
Currencies | Multicurrency |
Cards | No |
Remote | Yes |
Off-shore non-resident | Yes |
Other Services |
Eligibility | Offshore Companies |
Min Deposit | USD 25,000 |
Currencies | USD, EUR, CAD, CHF, GBP, HKD, SGD, JPY, THB, AED |
Cards | No |
Remote | Yes |
Off-shore non-resident | Yes |
Other Services |
They focus more on Labuan incorporated entities.